@Rob Gervais That's kind of a broad question.

Now I'm not going to bore everyone with intricate detail numbers on the purchase of the rehab but I will speak of my own experience with one of my projects here in Las Vegas.I will address the numbers in broad brushstrokes hopefully everyone will get the point.OK so let's use a real-life scenario I bought a bank REO for $194,000 The house needed about $35,000 worth of work The projected ARV was 290,000 The cash required to make this deal happen is 20% down for the purchase which would be $41,600 and $46,000 for rehab, insurance, utilities and VIG, which would puts the total at $87,600.

With the property being on the low end of the Champaign/Urbana spectrum and your repair budget being tight any unforeseen repairs would have quickly put this project profits in the red.  

I'm sorry if this question seems a bit broad, but I'm really just getting into REI and see all these posts about people speculating on the performance of a given market in the next 5-10 years, and I was just wondering what exactly you're looking at to make those predictions?

I'm in process of setting up self directed Ira acct either with equity trust or broad financial.  

That's a broad subject.  

I try to step back and appreciate what I have as often as possible.And a question for you regarding Texas - a few BP articles describe Texas as a great investment state however like my home state of NH, property taxes are on the higher side of the 50 state spectrum.

I about to set up an IRA at Equity Trust and recently heard of broad financial. 

I got the covenants from a realtor and while there is no specific mention of STVRs, there is a general "nuisance" clause which could be interpreted broadly if there was a problem.Anyone familiar with this area or otherwise dealt with HOAs in nicer/luxury neighborhoods in other markets?

My network is very broad and covers most of norther Illinois.